PureCycle raises $300M via Series B convertible preferred; outlines 1B lb capacity by 2030 with $600M EBITDA target

PureCycle Technologies, Inc.

$300M gross proceeds from 300,000 Series B convertible perpetual preferred shares at $1,000/share; expected close June 20, 2025.
Conversion price $14.02 (30% premium to 10-day VWAP); 7% cumulative dividend payable in kind or cash at company's option.
Growth plan targets 1B lbs installed capacity by 2030 with $600M/yr EBITDA; IRPC partnership for 130M lb Thailand facility, operational mid-2027.
CEO Dustin Olson employment agreement: $773k base salary, 200,000 fully vested common shares granted.

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